All posts by Mark Moffa

Around The World In Thirty Days

Luxury travel providers offer private jet journeys that allow clients to tailor itineraries to their particular interests or to take a multi-week tour around the entire globe.

By Sarah Binder

It’s lunchtime at 30,000 feet. You sip a glass of Dom Perignon while gazing out the jet’s windows and chatting with the co-captain. Yesterday you were cruising the Chao Phraya River in Thai- land on a private longboat; today you will browse the energetic Grand Bazaar in Istanbul. In this moment, you have it all.
In the travel industry, nothing is more suited to today’s have-it-all, on-demand life- style than around-the-world private jet tours, which whisk travelers from one bucket-list destination to another in ultimate luxury.
This epitome of travel began in the early 1990s. Before then, private jet tours focused on one area in depth, such as South America or Africa, immersing guests in sev- eral destinations within the region, explains Heidi Lakani, founder and owner of Lakani World Tours. Over the years, a new clientele emerged to alter the landscape — highly seasoned travelers, and ambitious young people who had the financial means and desire to see the world, but not the time. The demand from both demographics to experience the highlights of the globe in luxury and conve- nience led to the creation of around-the-world itineraries.
TAJ MAHAL PHOTO COURTESY OF RICHARD KURIN

TAJ MAHAL
PHOTO COURTESY OF RICHARD KURIN


“These itineraries developed into a dis- covery trip for people; they would go some- where briefly, love it, and then we would de- sign a follow-up tour for them to go back,” says Lakani. “The industry evolved from ‘in depth to highlights,’ and then ‘highlights to in depth.’”
Avoiding commercial flying restrictions and limiting tour sizes allows providers to pamper guests on board carefully custom- ized aircraft, while flying direct to hard-to- reach destinations. “Our classic Around the World itinerary hits nine ‘world wonders’ in one trip, from Easter Island, Chile, to the ‘Lost City’ of Petra, Jordan,” says Andrew Lorence, account and marketing services manager for TCS World Travel.
When an itinerary includes more than a dozen flights across just a few weeks (most trips are approximately 24 days in length), globetrotters understandably seek the most high-end and efficient flying experience pos- sible. TCS World Travel’s expeditions feature a “newly reconfigured Boeing 757, which fea- tures comfy, flatbed leather seats with plenty of legroom, global Wi-Fi, amenities such as iPads and Bose noise cancelling head- phones, and an executive chef on board,” says Lorence. Lakani World Tours is known for its daytime-only flights; the lack of sleeper seats allows for a Sky Lounge where guests can socialize and have lunch with the captain and crew, explains Lakani.
CAPE TOWN VINEYARDS PHOTO COURTESY OF ISTOCKPHOTO.COM / JON11

CAPE TOWN VINEYARDS
PHOTO COURTESY OF ISTOCKPHOTO.COM / JON11


In addition to TCS and Lakani, the number of key players in the realm of worldwide private jet travel is small, yet distinguishable, from the Four Seasons Private Jet Experience, hosting guests in deluxe Four Seasons accommodations, to programs with in-depth experiential and cultural frameworks, such as Smithsonian Journeys, National Geographic Expeditions, and Abercrombie & Kent. Each provider operates just a few around-the-world-style itineraries per year, with most trips selling out far in advance. For example, all of Lakani’s 2016 tours are already sold out.
No matter the tour operator, it goes without saying that an around-the-world trip offers something for everyone. Marveling at the Taj Mahal may be the ultimate bucket list item for a husband, while his wife highly anticipates a thrilling safari on the Serengeti.
Many itineraries introduce travelers to off-the-beaten-path cities that nevertheless share commonalities with popular tourist hubs. “We go to places that are more difficult to get to and would normally require two to three flights, such as Porto, Portugal, rather than Madrid,” says Lakani.
CAMBODIA PHOTO COURTESY OF LAKANI WORLD TOURS

CAMBODIA
PHOTO COURTESY OF LAKANI WORLD TOURS


“What is most exciting is when travelers return home with a ‘wow!’ impression and a desire to return to a destination they have never previously thought of,” explains Karen Ledwin, general manager of Smithsonian Journeys. Their highly educational travel programs, aimed at the 55-plus demographic, align with and support the efforts of the Smithsonian Institution.
Depending on factors such as the trip size, style, and tour operator, travelers encounter a wide variety of authentic opportunities to become immersed in local culture. On Smithsonian Journeys, offered via a custom-configured Boeing 757 for no more than 80 guests, a common highlight is an evening entertainment program that brings visitors and locals together.
“Because of our numbers, there are some special experiences that wouldn’t be possible if a journey were only composed of two couples traveling together,” says Ledwin. “One of the things that people really enjoy are these truly magnificent gala evenings that showcase the best of a destination via all of the performing arts, pageantry, and so forth that the culture has to offer. Whether in India or in Cambodia, travelers really enjoy these evenings.”
KENYA PHOTO COURTESY OF LAKANI WORLD TOURS

KENYA
PHOTO COURTESY OF LAKANI WORLD TOURS


With trips often encompassing seven, eight, or even nine destinations in a short timeframe, one might think that it’s nearly impossible to feel emotionally connected to any stop along the itinerary. However, TCS helps its guests create meaningful connections with local people. Guests on upcoming tours will have the privilege of witnessing rituals like a land diving ceremony to celebrate the yam harvest in remote Vanuatu or visiting local schools like the Akilah Institute for Women in Rwanda.
Globetrotters can work with tour operators in a variety of ways to design their optimal experience, from a completely customized private journey to personalized activities on group journeys. “I was in Africa with a family of 12, and the kids wanted to hike, but the parents wanted to relax and go to vineyards near Cape Town,” says Lakani. “We design activities to suit whatever each member of the family likes.” Lakani also creates a brochure of pre-designed frameworks for popular countries and regions; clients can then work with its team to customize their private journey to the destinations of their dreams.
The landscape of private jet travel will continue to ebb and flow. While the around-the-world journeys are highly popular right now, Ledwin predicts that as more and more travelers are introduced to them, the tide will turn. Trips may become more thematic, centered on a specific region, and offered via smaller planes. In order to keep its most experienced travelers coming back for more, TCS designs a trip just for them. “In 2017, our Kingdoms and Cultures of Eurasia itinerary is taking guests to truly off-the-beaten path places like Iran, Kyrgyzstan, and Romania,” says Lorence.
EASTER ISLAND PHOTO COURTESY OF ISTOCKPHOTO.COM / TIMTHURLOW

EASTER ISLAND
PHOTO COURTESY OF ISTOCKPHOTO.COM / TIMTHURLOW


No matter the current trend, all three sources agree that these mega-trips offer an inherent value that far transcends their big-ticket cost, even with most journeys approaching or even healthily surpassing $100,000 per traveler.
“People sometimes have sticker shock when they see the price tag of a private jet trip,” says Ledwin. “If you were to take all of the air tickets you would need to make all of these stops, and put together all of these experiences with a high level of customer service and the intellectual overlay, it’s a great value, especially for people who are trying to make up time with their travel.”
OLD TOWN OF PORTO PHOTO COURTESY OF DREAMSTIME.COM

OLD TOWN OF PORTO
PHOTO COURTESY OF DREAMSTIME.COM

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Handcrafted for the Home

Handcrafted touches do more than add character to an otherwise mundane space; they transform a house into a home. These products boast top-of-the-line craftsmanship, unique details and one-of-a-kind beauty.

By Christine Aebischer

Inès by Jean-Philippe Richard, created for Daum
Established in 1878, the French company Daum creates unique crystal pieces using the pâte de verre technique. Fragments of crystal of different colors and sizes, called groisil, are carefully placed into a mold, which is then placed in a kiln for 10 days. The multicolored groisil melts and flows into each of the mold’s nooks, blending at will, meaning each piece is unique in its specific colors. The Inès sculpture, which was created by French artist Jean-Philippe Richard, exudes grace and sensuality. The gray, purple and silver figure stands about 55 inches tall and was created in an edition of just 75 pieces. Priced at $58,500.
PHOTO COURTESY OF DAUM

PHOTO COURTESY OF DAUM


Enchanted by Corbett Lighting
Inspired by the enchanted forests found in the world of fairy tales, the Enchanted light fixture features handcrafted iron branches that create a beautiful and distinct form that casts a dazzling silhouette on the wall and ceiling. The sculptural branches are hand-finished in a warm silver leaf, a silver finish that has been stained to soften the metallic sheen. A powerful and dimmable LED engine is concealed within the fixture’s base, shining a magical glow upward and accenting the handmade Murano crystal drops in fire-polished glass, which beautifully refract the light. Enchanted is available in three pendant sizes, as well as an incandescent wall sconce. The largest of the pendants (pictured) is priced at $5,738.
PHOTO COURTESY OF CORBETT LIGHTING

PHOTO COURTESY OF CORBETT LIGHTING


Pink Onyx Wabi Sink by Stone Forest
Sure to be the focal point of any room, Stone Forest’s Pink Onyx Wabi Sink boasts a warm, pink hue and the meticulous craftsmanship only found in handcrafted pieces. Stone Forest takes its lead from nature’s blueprint and is renowned for its custom designs in stone. The Pink Onyx Wabi Sink is its latest creation, and each one is hand carved from a small, pink onyx boulder. Because each sink is carved from a one-of-a-kind piece of stone, the exact color, shape and size varies, guaranteeing no two will be exactly alike. Priced at $1,900.
PHOTO COURTESY OF STONE FOREST

PHOTO COURTESY OF STONE FOREST

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A Preferred Address

An ambitious developer and world-class designer collaborate on a coveted address on New York’s Upper East Side.

By Roger Grody

Alexandra Portrait - December 2015

PHOTO ©GERALD FORSTER


Manhattan has many exclusive neighborhoods, but no section of town speaks to a refined sense of elegance more than the Upper East Side. The building at 12 East 88th Street—an address in the historic Carnegie Hill neighborhood steps from the Guggenheim Museum and Central Park—couldn’t have a more splendid location.
The 1931-vintage structure was designed by renowned New York architect Rosario Candela, whose elegant imprint is found throughout the Upper East Side. Simon Baron Development acquired the rental building in 2014, updating and reconfiguring the original 65 units into 24 luxury condominiums.
Recognizing the untapped value in the building, company President Matthew Baron explains, “As a Candela-designed building, it represents the epitome of pre-war New York City architecture, and we saw an opportunity to restore it to its former glory.” The developer also recognized the market demand for condominiums in a neighborhood dominated by cooperatives. Popular in New York, “co-op” owners purchase shares in a building as opposed to traditional real estate transactions, and Baron explains that the rigorous, often invasive approval process is a turnoff for many buyers.
Simon Baron collaborated with renowned interior designer Alexandra Champalimaud, whose portfolio includes luxury hotels like The Pierre and Carlyle in New York, The Dorchester in London and Hotel Bel-Air in Los Angeles. “She really appreciated the history of the building, but gave it a more contemporary feel,” says Baron, who adds, “We wanted it to feel clean and fresh, but still retain some Old World charm.”
“The greatest challenge with the renovation of any historic property is maintaining its signature style and intimate feel while modernizing it,” says Champalimaud, who concedes the difficulty in achieving the perfect balance between old and new. “Our primary goal was to bring 12 East 88th Street back to its original grandeur, the way Rosario Candela would have envisioned, by complementing the existing architectural features,” she explains.
Mindful of those original architectural elements, Champalimaud states, “Our approach focused on accentuating the height of each space and capturing the natural light throughout the property by incorporating a light palette of stones and wood.”
Given the property’s Upper East Side address, she maintained a formality to living and dining spaces while introducing a 21st century appeal through contemporary high-end finishes. “The overall approach is sophisticated, gracious yet modern,” says Champalimaud, who adds, “We also approached each room in respect to framing the surrounding city views and embracing the natural light.”
While 12 East 88th Street’s stately brick façade retains its historic charm, Champalimaud has infused the building’s lobby with a modern look that, thanks to some clever nods to the past, does not feel disconnected from the building’s pre-war vintage. “We kept the lobby design clean and fresh, preserving the original medallion on the ceiling and drawing in features to accentuate the original elements, for example a complementary stone mosaic floor,” explains the designer, whose furniture choices continue that delicate balance of historic and contemporary. “One of my favorite pieces in the lobby is a gorgeous bench by Holly Hunt with bronze legs molded as if they were branches and upholstered with white stingray leather.”
The prices of these condominiums range from $3.05 to $22 million, with current listings commanding more than $3,000 per square foot. “Most of these units are purchased by families, couples looking to grow into the space or empty-nesters moving back into the City from the suburbs,” reports Matthew Baron, who insists, “This is one of the truly great residential neighborhoods in New York.”
“We really try to take pride in the buildings we create, making sure what we’re doing will stand the test of time,” says the developer, who adds, “Alexandra contributed a level of cachet and elegance to the project that resonates with our clientele.”
AFTER RENDERINGS COURTESY ALEXANDRA CHAMPALMAUD

AFTER RENDERINGS COURTESY ALEXANDRA CHAMPALMAUD

Predominantly white kitchens feature countertops and backsplashes clad in Covelano Oro marble, which also envelops the top and side surfaces of a waterfall-edge island illuminated by contemporary pendant lighting. Sleek Signature or Dornbracht hardware and a relatively monotone palette practically shout modernism, but does not seem incongruous with the 1931 building. Naturally, chef-worthy Wolf and Sub-Zero appliances are present in the redesigned kitchens, while the original dark-stained floors have been switched out for a less austere bleached wood. Champalimaud’s kitchens are noticeably bright, capitalizing on every square inch of window space she had to work with.

AFTER RENDERINGS COURTESY ALEXANDRA CHAMPALMAUD

AFTER RENDERINGS COURTESY ALEXANDRA CHAMPALMAUD

The designer’s crisp edges and generous use of natural stone introduce contemporary sensibilities while still honoring the heritage of the building and its elegant neighborhood. A master bathroom’s counters are sheathed in white Dolomiti marble, replacing the dark wood vanity present prior to Champalimaud’s arrival, while the walls, shower and soaking tub’s clean-lined pedestal are clad in richly striated Arabescato marble. “We treated the marble as its own work of art, incorporating a mirror effect with the veining of the stone,” says the designer. Polished nickel Dornbracht fixtures complete a master bath design that strongly suggests the flavor of a luxurious hotel spa, not surprising given the designer’s history with five-star cosmopolitan hotels.

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Cover Home: Seapoint

The waterfront star gracing the cover of this issue sits on 10 acres at the tip of a peninsula on a prized stretch of Massachusetts coastline.

By Camilla McLaughlin

Mishaum 6

PHOTO COURTESY OF ROBERT B. KINLIN


During World War II, the site was a prime lookout for enemy submarines; today it’s the setting for Seapoint, one of the region’s most significant properties. With 270-degree water views, the experience is akin to a private island, but, unlike an island, the location offers easy access to Boston and New York.
Designed by Robert A. M. Stern, the shingle-style exterior and deep porches of the residence evoke New England’s traditional seaside architecture, yet also echo Stern’s “modern traditionalist” aesthetic. “Honestly, I’ve been representing luxury properties for 30 years and I’ve never seen an estate like this one,” says Robert Kinlin, co-owner of Robert Paul Properties, who is listing the property for $18.9 million. “It is built with the utmost respect for quality and detail.”
Consider the extreme level of soundproofing, which makes the interior a peaceful haven. “When you go inside and close the door, all of the wind and weather does not intrude.” Still, he says, the architect has done a terrific job of bringing in the natural elements. Every room looks out to the waters of Buzzard’s Bay. Even the sea grass and native plants move with the ocean breeze and evoke an island sensibility.
When you walk inside, the size and scale doesn’t overwhelm. Instead, Kinlin says, “there is a nice warm feeling.” Best of all, like classic estate hideaways, this property was built to be a place where you want to come and stay. Amenities range from a deep-water dock to a bowling alley and wine cellar. “It’s a property where you are going to bring your fun and plant yourself there with your family and just chill out,” shares Kinlin. Property includes membership in the exclusive Round Hill Golf Club, with golf, tennis, a pool and a sandy beach.
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From Sea to Shining Sea

We explore current trends in luxury waterfront living across 14 markets in the U.S., Canada and the Caribbean.

By Sarah Binder

PHOTO COURTESY HARRY NORMAN REALTORS Lake Burton, Georgia

PHOTO COURTESY HARRY NORMAN REALTORS
Lake Burton, Georgia


Bays and lakes. Reservoirs and rivers. Oceans and seas. From the Atlantic to the Pacific, the myriad options for luxury waterfront living in North America are as different as a man-made reservoir in the middle of Texas is from Paradise Island in the Bahamas. Whether one encounters a buyer’s or a seller’s market depends on the selected location; however, one trend never changes. Homeowners desire to live on or near water just as much, if not more, as their ancestors once did.
Halifax, Nova Scotia
Known affectionately as “Canada’s Ocean Playground,” Nova Scotia and its capital, Halifax, entice relocaters and second-home buyers with ease of access, sheer natural beauty, and a plethora of activities. More than 532 trails and pathways, 33 beaches and 878 parks provide residents with ample recreational opportunities including sailing, fishing, kayaking, cycling and walking, explains Mariana Cowan of Coldwell Banker Supercity Realty.
With one of the largest harbors in the world and fast connectivity to Toronto, New York and Europe, Halifax is a major business center. Cowan expects recent developments to have a positive impact on the luxury market, which currently is a buyer’s market with an abundance of inventory and many properties selling below appraised value.
“The federal government announced an $11.9 billion, five-year commitment to infrastructure for our city,” she says. “Also, the CAT ferry service from Yarmouth, Nova Scotia, to Portland, Maine, resumed its service after six years away. This will create more employment opportunities and give a healthy boost to tourism in our region.”
Despite a slow-paced market, signs of improvement are emerging. “Sales are marginally increasing for June,” Cowan notes. “In the past six months, two properties in the south end of Halifax have sold at $4 million to $5 million.”
©BOB AND ERNIE PHOTOGRAPHY New Hampshire

©BOB AND ERNIE PHOTOGRAPHY
New Hampshire


Lakes Region, New Hampshire
Surrounding Winnisquam Lake, Squam Lake and Newfound Lake, New Hampshire’s idyllic Lakes Region is marked by the crown jewel, Lake Winnipesaukee, the largest in the state at 69 square miles. Here, daily decisions may include whether to fish, read by a fire, explore quaint New England villages or savor fresh, clean air on a leisurely stroll.
In contrast to the relaxed way of life in this family oriented region, the pace of luxury waterfront sales is swift.
“Waterfront listings are still pretty plentiful, but the excess inventory is rapidly being sold,” explains Chip Maxfield, president and co-owner of Maxfield Real Estate. “This means that higher prices are just around the corner.”
Buyers, largely from the greater Boston area due to a brief two-hour driving time, have spurred a 35-percent increase in waterfront sales volume last year, according to Maxfield.
On Lake Winnipesaukee, $1 million to $2 million is the most popular price range, he notes. At the opposite end of the spectrum, “currently there are four properties over $10 million, with the highest listed for $16 million.” The $16 million price tag will fetch an architecturally designed residence on a 6-acre parcel with 420 feet of waterfront, and both mountain and lake views.
Dallas and Fort Worth, Texas
For luxury buyers seeking a vibrant lifestyle, Dallas and Fort Worth’s sizable lakes and reservoirs offer waterfront living in proximity to metropolitan amenities such as high-end shopping, fine dining and cultural pursuits.
“The waterfront market in the Dallas/Fort Worth area is always healthy, as there are a limited amount of waterfront properties. Therefore, demand typically exceeds supply,” explains Aidan Flores, a broker and Realtor with Coldwell Banker Residential Brokerage.
With just one natural lake in the state, Caddo Lake, located a few hours east of Dallas, buyers focus on the many man-made reservoirs. Those that allow buyers to maximize their luxury waterfront experiences with private boat docks are most desirable, says Flores. These include Lake Ray Hubbard, Possum Kingdom Lake, Lake Cypress Springs, Grandbury Lake, Eagle Mountain Lake, Cedar Creek Lake, Lake Fork and Lake Tawakoni.
Flores notes that listings over $1 million are common. “Sales of waterfront homes should remain steady during the remainder of the year, especially if they are marketed correctly by a waterfront property expert,” he says.
Venice Beach and Marina del Rey, California
With Google and Snapchat offices located in Venice, just two of hundreds of technology companies that have earned Los Angeles’ Westside region the moniker of Silicon Beach, it is no wonder that the business boom continues to propel property values and result in very limited oceanfront inventory.
“Oceanfront homes and condos increased in price about 24 and 17 percent in the past year, respectively,” says Tami Halton Pardee, founder and CEO of Halton Pardee + Partners. Prices range widely from $2.2 million to $40 million; although the area’s smaller property lots reach a more common ceiling of $15 million, she says.
Outdoor concerts and boat parades exemplify the energetic lifestyle, while the marina is a boater’s paradise, holding the designation as North America’s largest man-made small craft harbor with 5,246 boat slips. Oceanfront buyers enjoy Venice’s wide beach, which allows homes to be set back from the water.
In addition to local interest from Los Angeles, a healthy amount of buyers come to Venice Beach and Marina del Rey from New York City. “They like our city vibe on the ocean,” Pardee explains.
Hilton Head Island, South Carolina
Hilton Head Island is in the midst of a remarkable renaissance while maintaining its distinctive charm. In the last few years, the area has experienced a surge of redevelopment, with more than half a billion in investment and redevelopment in real estate, resorts and new dining and entertainment options, according to Wayne McDonald, broker in charge at Premier Island Properties.
Despite the focus on new infrastructure, this 12-mile barrier island retains the character that earns it recognition as one of Travel + Leisure’s America’s Favorite Towns and World’s Friendliest Islands.
“Buildings must blend with the color palette of nature,” explains McDonald. “There are no streetlights on the island; the founding fathers believed you should be able to see the stars at night and that rule still holds true today.”
The island’s unique atmosphere beckons many waterfront buyers, who find waterfront homes priced from $2 million to $12 million.
“Our current inventory is becoming absorbed quickly,” says McDonald. “There is a scarcity of oceanfront lots. Buyers are tearing down older properties and building their home within a few years of purchase.”
With more than 2.6 million visitors each year, McDonald expects 2016 sales to surpass those of last year. “Today’s travelers are tomorrow’s residents,” he says. “People have a love affair with the Lowcountry and many choose to stay.”
PHOTO COURTESY HARRY NORMAN REALTORS Lake Burton, Georgia

PHOTO COURTESY HARRY NORMAN REALTORS
Lake Burton, Georgia


Lake Burton, Georgia
Just 90 minutes from the greater Atlanta area, Lake Burton has long been the outdoor playground of choice for city residents seeking to enjoy crystal-clear waters and activities such as golfing and hiking the nearby Appalachian Trail. Recently, two distinct groups have emerged to take advantage of lakefront listings ranging from $479,000 to $5.9 million.
“Lately, we have been seeing a lot of younger buyers from the booming Atlanta technology industry, along with many buyers from Florida who want to escape [their state’s] heat,” explains Julie Barnett, a Realtor with Harry Norman, Realtors – Luxury Lake and Mountain.
Despite these different motivating factors, many buyers seek similar amenities. “Many Lake Burton residents are members of Waterfall Club at Lake Burton, a private club that offers a golf course, spa, fitness center, three restaurants and a boathouse,” she says.
Barnett notes that the area’s strongest sales activity typically occurs between Memorial Day and Thanksgiving, with strong end-of-year sales attributed to the beautiful fall foliage. Rabun County is comprised of approximately 67 percent National Forest and Georgia Power Land, allowing for undeveloped, long-range mountain views. In 2015, she says, Lake Burton saw four sales over $3.5 million.
Lake Tahoe, California / Nevada
Recent luxury redevelopment, combined with its reputation as a perennial favorite for all-seasons outdoor recreation, contributes to an outlook for a steady increase in sales through 2016 in Lake Tahoe.
“Redevelopment is progressing nicely around Lake Tahoe with old buildings being replaced with environmentally sensitive development. Several new luxury projects are in the works,” explains Susan Lowe, senior vice president and corporate broker for Chase International. “For instance, Zalanta is a luxury condo project underway in Stateline Town Center. You can literally park your car and do everything Tahoe has to offer without getting back in the car: ski, bike, hike, golf, water sports, beach, entertainment and more.”
Lakefront homes currently range from the high $1 million to $50 million range, Lowe says; prices vary from area to area, with Incline Village typically being the highest-priced area.
Already, Lake Tahoe has seen two notable sales this year. The two highest-priced sales since the first of the year were 1131 Lakeshore in Incline Village, Nevada, for $25.25 million and the historic Julia Morgan home, Twin Pines, in South Lake Tahoe, California, for $8.5 million, Lowe notes.
PHOTO COURTESY VILLA REAL ESTATE Newport Beach, California

PHOTO COURTESY VILLA REAL ESTATE
Newport Beach, California


Newport Beach, California
Newport Beach’s approximately 700 oceanfront homes enjoy access to some of the world’s most desirable beaches. Understandably, prime luxury waterfront opportunities are so rare that buyers usually have to wait years for the right property to become available. The lack of homes for sale in any given year helps to increase property values, explains Steve High, president of Villa Real Estate.
“In Newport Beach, luxury waterfront homes tend to be passed down from generation to generation,” he explains. “Frequently, the death of an owner is what precipitates the sale of a property.”
This trend already has been exemplified this year in the sale of 13 Bay Island, sold on May 5 for $10.8 million. A private, six-acre sanctuary of 24 waterfront homes, Bay Island features wide, sandy beaches and mature specimen gardens.
“The property had been in the same family for over 85 years and was being sold due to the death of the remaining family member,” High says.
Newport Beach’s relatively small lots command premium prices for their square footage, resulting in a luxury waterfront price range of $3 million to $30 million. To maximize property value, explains High, “homebuilders and owners are building luxurious subterranean areas that feature movie theaters, nightclub-style bars, guest bedrooms and state-of-the-art exercise rooms.”
Westchester County, New York
Just a short drive or convenient train ride from New York City, Southeastern Westchester County provides an escape for New Yorkers seeking more living and outdoor space for their families in both primary and secondary waterfront residences, explains Michèle Flood, associate real estate broker for Coldwell Banker Residential Brokerage.
The area’s abundance of water sports, including swimming, sailing and kayaking, along with schools highly rated in national rankings, draw those seeking active lifestyles to this buyer’s market. “The number of active waterfronts on the market is relatively high at 26, making the market favorable to buyers,” says Flood. “Waterfront homes sold in the past two years have ranged from the mid-to-upper-$2 million category to the low-$20 million category.”
Despite high inventory and a slow pace, the area has seen several notable sales this year. “There was a recent open waterfront home on 2.8 acres in Rye that sold for $21.15 million. Interestingly, it sold to a local resident,” Flood notes. “There are currently four waterfront homes with contracts signed and list prices ranging from $1.995 to $6.4 million.”
Naples, Florida
Naples’ ease of access to the Gulf of Mexico, many open waterways, world-class golf courses and high-end shopping have established the southwest Florida city as a longstanding favorite among waterfront homebuyers. Recently, new luxury developments and a booming local economy are influencing the market, as well.
Pre-empty nesters seeking seasonal properties traditionally have constituted much of the buyer demographic and still do; although, younger families increasingly are moving to Naples permanently, according to Emily K. Bua, estate specialist with John R. Wood Properties. These families are drawn by expanding job opportunities in retail, hospitality, nursing and education.
Regardless of age, homeowners can find a wide variety of activities to suit their interests.
“Naples is extremely cultural. There is something for everyone, from our beautiful beaches, paddle boarding through the back waters, and fitness activities to our salt caves, cooking classes and tons of restaurants,” explains Tade Bua-Bell, broker associate with John R. Wood Properties.
The current state of the waterfront property market is stable, says Bua-Bell, with an increased demand over the last few years for new construction. “There are now spec home opportunities that didn’t exist years ago available,” she says.
PHOTO ©VHT Lake Michigan, Michigan

PHOTO ©VHT
Lake Michigan, Michigan


Lake Michigan, Michigan
Chad Gradowski, a Realtor with Coldwell Banker Residential Brokerage, memorably describes Lake Michigan as “an inland ocean where you can watch a spectacular sunset in the summer and marvel at the frozen tundra in the winter.” The lake’s waterfront communities each have diverse vibes and unparalleled water-related activities; however, across the board, one reason brings buyers to them all.
“One of the top reasons that people are motivated to buy here is that they have a family history of coming to Harbor Country. So many times people grew up in a family beach house, or had a relative with a home here, and they want to carry that tradition on to their own families,” explains Gradowski.
Median pricing for lakefront homes in New Buffalo, Michigan is about $2 million. “As far as notable sales, there is a really great example of a 4,000-square-foot, nicely updated lakefront home with 100 feet of frontage on approximately an acre of land that received multiple offers within the first two weeks of listing and is currently a pending sale,” says Gradowski. “This is a reflection of our inventory being a little low.”
“Lake Michigan is an extraordinary natural resource,” he notes. “This is a timeless place that people love to visit, and, since there is a limited amount of lakefront property, its value stays fairly strong.”
Chesapeake Bay, Maryland
Known for its top-notch seafood, serene natural beauty and wildlife, and some of the finest boating in the country, the Eastern Shore [of the Chesapeake Bay] is home to the three most expensive homes sold in the state of Maryland in 2015, notes Cliff Meredith, associate broker with Long & Foster Real Estate, Inc. Pricing levels are about where they were in 2006, prior to the market collapse, he adds.
“The luxury market on the Eastern Shore is stable. Inventory is higher than demand at the moment, which should be attractive to a purchaser,” says Meredith. “I don’t see any reason for this scenario to change substantially until after the election.”
Great restaurants, shopping, medical services and proximity to the urban areas of Washington, Baltimore, New York and Philadelphia attract many of the buyers, most of whom hail from Washington, Virginia, Maryland and Pennsylvania.
Across the bay, Harford and Baltimore counties offer affordable luxury waterfront living that benefits from ease of access to major routes for a convenient commute to Baltimore, as well as connections to Washington and Philadelphia. For example, the Bush River runs into the Susquehanna, and the Susquehanna River feeds into the Chesapeake Bay, offering enviable water views and natural landscapes.
“Pricing of luxury waterfront homes has reduced over the past year due to the supply and demand of the current market in the Harford County area,” explains Peggy Smith, a Realtor with Berkshire Hathaway HomeServices PenFed Realty. “Current pricing for luxury waterfront homes is from the high $400,000s to just under $800,000.” With inventory exceeding demand, buyers take the opportunity to be highly selective in their purchases.
“Currently, buyers seeking to up-size and those seeking their second home, including space for their family or multiple families, are being influenced by our upcoming presidential election and are cautiously looking to see what the future holds,” says Smith. The region also draws commuters from Baltimore and military buyers due to the Aberdeen Proving Grounds.
The Bahamas
Seven-hundred islands and cays make the Bahamas a waterfront mecca, and a slow-paced economic recovery favors buyers, according to Andrea Brownrigg, director and broker with Bahamas Realty.
A wide variety of non-stop flights and a currency on par with the U.S. dollar are attracting a younger buyer demographic, she says. These buyers are seeking newer or updated developments with well-defined lifestyle components for their growing families.
For example, Paradise Island’s Ocean Club Estates boasts a golf course, private beach club, tennis club and kid’s park, and its homeowners enjoy access to Atlantis and the One&Only Ocean Club. Beachfront homes within the community are priced on average from $8 million to $15 million.
Other areas of the Bahamas are less well known and can offer buyers a lot of bang for their buck. The Berry Islands boast their own international airstrip with customs and immigration, and is known as a fishing paradise, says Brownrigg.
“You can leave Florida at 8 a.m. and be out pulling in your lines within about two hours,” she says. One 15-acre property within the Berry Islands features 700 feet of beachfront and a price tag of $750,000.
Value, of course, depends upon location. “Beachfront property in Lyford Cay is valued at $65,000 per foot of beach; whereas Paradise Island is probably about $45,000,” says Brownrigg.
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Mass Appeal

In Massachusetts, Realtors report strong buyer interest in prime waterfront markets.

By Samantha Myers

A classic Edgartown home with one of the only sandy beaches on the harbor recently sold for $12 million. (Wallace & Co. Sotheby's International Realty)

A classic Edgartown home with one of the only sandy beaches on the harbor recently sold for $12 million. (Wallace & Co. Sotheby’s International Realty)


Martha’s Vineyard
Throughout Martha’s Vineyard, agents are reporting strong sales. “2015 was a record-breaking year as far as total dollar volumes in sales,” says Alyssa Dubin, of Wallace & Co. “It was one of the highest we’ve seen, and 2016 is shaping up to be similar. First quarter sales were similar to 2015, but we’ve seen a steady surge of activity.”
“We have an unusual market here on the Vineyard in that you have our low end around a couple hundred thousand and the high end is around $20 million-plus,” says Deb Hancock of Hancock Real Estate. According to the agents, it’s a buyers market, but the higher end of the market is in favor of the seller. “Buyer’s are savvy. They can wait and find a property that’s priced right,” says Dubin.
Hancock explains how Martha’s Vineyard’s market remains resilient. “We have great diversity. We’re 108 square miles, and the 6 separate island towns are all very unique in their own right. Most buyers have an idea of what area they want to buy in, before they start.”
Although there has been a recent influx of international buyers, U.S. families are predominant, especially ones that have a relationship to the island. “It’s a generational meeting place for a lot of families. We see buyers wanting large homes and compounds to accommodate multiple generations,” says Dubin.
Recently, construction on the island has been surging, and vacant lots are being sold to accommodate building projects. Dubin saw 7.8 acres of land sell for $3.8 million, and Hancock sold a 20-acre parcel in Chilmark with panoramic views of the water for $5.5 million.
“Rentals are very busy, and that’s usually a good sign of sales,” says Dubin. “Those renters turn into
buyers because they fall in love.”
This waterfront Edgartown Harbor mansion sold in 2015 for $22 million. (Hancock Real Estate)

This waterfront Edgartown Harbor mansion sold in 2015 for $22 million. (Hancock Real Estate)


Cape Cod
In Cape Cod, it’s no surprise that waterfront properties dominate the higher spectrum of the luxury price range. “A house on the water, with a beautiful beach or a deep-water dock could be priced at $10 million, and the exact same house across the street could easily be half that price,” says Paul Grover of Robert Paul Properties.
“There’s not a lot of inventory for properties on the lower end of the price point. As for the high-end luxury market, this is our prime time for that,” Grover explains. He says the market quiets down mid-summer, but gets busy again after Labor Day. “Summer houses go on the market after people spend their last summer there, so our inventory is up in September.”
On more than 28 acres, this West Tisbury estate sold for $3.12 million. (Wallace & Co. Sotheby's International Realty)

On more than 28 acres, this West Tisbury estate sold for $3.12 million. (Wallace & Co. Sotheby’s International Realty)


Nantucket
As for Nantucket, Gary Winn from Maury People Sotheby’s International Realty explains the market’s growth from previous years. “We are way ahead from last year, and I expect that trend to keep going and, if so, it might be one of our best years yet.” He adds, “Last year’s average price was $2.113 million and the average sale right now is lower at $1.896 million, but that’s because it’s early in the season.”
According to Winn, antique houses in town built in the 1700s and 1800s are protected from the ongoing construction that the island is seeing, whereas newer and more modern homes are replacing the properties built outside town from the 1950s to 1970s. “People buy here because it’s an island, and when you’ve gone to Nantucket, you feel like you’ve actually gone somewhere.”
Listed at $2.395 million, this Main Street home on Nantucket Sound in Cotuit recently sold. (Robert Paul Properties)

Listed at $2.395 million, this Main Street home on Nantucket Sound in Cotuit recently sold. (Robert Paul Properties)

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Riding the Technology Wave

Tech-savvy Erin Alls makes every transaction about the client, earning her a loyal following in L.A.’s dynamic Silicon Beach.

By Roger Grody

PHOTO ©ROB KALMBACH

PHOTO ©ROB KALMBACH


When the New York firm of Maison International opened an office in Los Angeles, Vice President/Broker Erin Alls brought her considerable expertise to the West Coast. Based in coastal Marina del Rey, the office has emerged as the top resource for luxury buyers in Silicon Beach, where established tech giants and innovative startups are changing the economic landscape.
Alls was born into the real estate industry and spent summer vacations working on her father’s investment properties, even assisting in the physical renovation of rental units. “It’s incredibly tough work, especially for a young woman, but really builds character,” she admits.
After graduating from Concord University with a degree in Communication Arts, Alls attended film school in New York and worked briefly in the entertainment industry before turning her experience in real estate into a career. She joined Maison International in 2003 and quickly became, and remained, the company’s top producer.
“I realized after my first couple of deals how much I loved the practice of real estate, and now I wake up every day feeling blessed to be successful in this industry,” says the accomplished agent. Alls, who has a particular affinity for negotiating deals on behalf of clients, adds, “If you have a passion for what you do, whatever that might be, it puts you on track to be successful.”
In her current practice, especially in the Silicon Beach area, Alls’ clients are naturally tech-savvy, but so is she. Alls received her first Apple computer at age 8, now maintains an active Twitter feed and has branded her practice by securing highly effective URLs such as SiliconBeachHomes.com. “They are very educated about the process and know how to research independently,” she says of successful tech entrepreneur buyers. “With advances in technology, brokers are no longer the gatekeepers of listings,” claims Alls. “The way I describe it is that we have become more like shepherds than gatekeepers.”
Alls’ practice extends beyond Silicon Beach to include pricey coastal enclaves like Rolling Hills Estates, Pacific Palisades and Malibu, and naturally involves a celebrity clientele. According to the Los Angeles Times, she represented rapper Ice Cube for the purchase of a waterfront home owned by action film star Jean-Claude Van Damme earlier this year, reputedly setting a record price for a Marina del Rey property. Many of Alls’ high-net-worth clients are celebrities, and she is sought out not only for her expertise, but also her discretion.
Describing her style of building broker-client relationships, Alls reports, “I always try to listen more than I speak, allowing them to tell me what their needs are.” Although welcoming the efficiencies technology has brought to her industry, the broker laments, “The only drawback is that we have less one-on-one time with clients, so I make it a point to schedule some face time at least once a week.”
After living in high-energy New York, the transition to Southern California was initially challenging, but Alls now appreciates the more laid-back lifestyle, superior weather and access to the outdoors. Naturally, the needs of L.A. clients are distinct from those of their New York counterparts, but Alls focuses more on what they have in common. “Their needs may be different, but buying and selling a house is always a huge emotional investment, and I try to be sensitive to that,” she says. “The biggest difference is that in L.A. people return a phone call three days later, while in New York they call you back three hours later,” jokes Maison International’s L.A. chief.
Alls and her husband, a prominent Brazilian broadcast journalist, reside on the beach in Marina del Rey, enjoying traveling and hiking in their spare time.
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Going Global: The Most Expensive Penthouse in Isreal

In Tel Aviv’s exclusive and historic Jaffa, The Penthouse at W Tel Aviv Hotel is listed for 160 million NIS (about $41 million USD).

By Kirsten Niper

©ALEX MORRIS

©ALEX MORRIS


Designed by British architect John Pawson, this penthouse enjoys stunning views of Jaffa’s ancient port and the Mediterranean Sea.
To be completed this fall, the spacious penthouse spans 16,178 square feet of living space on the entire top floor, plus a 786-square-foot terrace with views of the sea. “The Penthouse displays upscale design, combined with high livability. We have been in partnership with esteemed designer John Pawson since his design of the New York City Gramercy Park Hotel. He has now placed his signature minimalistic style into the design of the penthouse for this exciting collaboration,” shares Aby Rosen, co-founder and principal of RFR Holding.
The buyer of the penthouse will work in conjunction with Pawson’s office to “create a bespoke place based on his design concepts.” The penthouse has a private entrance to the W Hotel, with easy access to a gourmet restaurant, lounge bar and an exclusive beach club.
The W Tel Aviv Hotel is within the walls of a 19th-century building that has fused the architectural integrity of nearby structures with the W Hotel’s trademark amenities.
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Fabulous Finds: Pacific Heights Welcomes The Pacific

San Francisco’s Pacific Heights neighborhood unveils its first significant new-construction in several decades, The Pacific, a collection of 76 boutique residences plus the Row Home Collection, made up of 10 adjacent three- and four-story homes.

By Kirsten Niper

PHOTO COURTESY STEELBLUE

PHOTO COURTESY STEELBLUE


Developer Trumark Urban and Handel Architects collaborated to repurpose the 250,000-square-foot building on 2121 Webster Street into The Pacific, a nine-story jewel-box building that evokes a sense of timelessness. With sales launching this summer, there are one-, two- and three-bedroom flats available, plus three-level townhomes. The residences enjoy views of San Francisco, spanning from the Golden Gate Bridge to Twin Peaks. Amenities include private vehicle valet, full-service concierge, a lobby attendant, a private rooftop observatory lounge overlooking the bay and Golden Gate Bridge, a private guest suite, world-class fitness center, and installations from local artists and international creators such as Helen Amy Murray.
“The ideal buyer for The Pacific will have an affinity for our modern approach to sophisticated design, which focuses on impeccable finishes, rich details and gracious and welcoming spaces,” explains Arden Hearing, managing director at Trumark Urban. “They will also appreciate being in the heart of the action, just steps from top-tier shopping, Michelin-starred restaurants, gorgeous parks, playgrounds, some of the best private schools in the city, and also within close range of hiking, running and biking trails.”
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On Location: Mountainside at Northstar

Truckee, California

By Kirsten Niper

PHOTO COURTESY MOUNTAINSIDE AT NORTHSTAR

PHOTO COURTESY MOUNTAINSIDE AT NORTHSTAR


Mountainside at Northstar’s vision is about connecting to family, nature, others and self. Perched on the side of Northstar, the community offers access to 3,000 acres of skiable, hikeable and bikeable topography. With just 300 residences, connecting to the surrounding environment and community is even easier.
During my visit to Mountainside at Northstar, I explored the residential options in the community. Residence offerings include the 3-bedroom, 2.5-bath, approximately 2,250-square-foot Stellar Townhomes starting at $1.995 million; the Stellar Residences, single-family homes designed by Bohlin Cywinski Jackson and starting at $3.6 million; and the M25 neighborhood, an enclave of 25 home sites ranging from a half acre to 1.5 acres, and starting at $690,000. All homes are ski-in/ski-out.
During my tour of the residences and home sites, I was awed by the mountainous views and ease of access throughout the community. I was also taken aback by the sense of community that is being developed — it is truly one of the top amenities of Northstar. Residents can enjoy the privacy afforded by living in nature, yet they can take advantage of community gathering spaces to get to know their neighbors.
PHOTO COURTESY MOUNTAINSIDE AT NORTHSTAR

PHOTO COURTESY MOUNTAINSIDE AT NORTHSTAR


Residents can lounge and play in the Tree House, a community gathering space with a gym, pool, dining area, lounge and a game room. The outfitters, based in the Tree House, create personalized experiences for residents, including rafting trips, special hiking trips, or a birthday surprise, including a helicopter ride for an owner. There isn’t a task too big or too small; while in the Tree House, I overheard an outfitter reaching out to retailers in the area to track down a kayak for a resident.
“I think the outfitters really separate us from other resort communities,” shares Annisa Crawford of Mountainside Partners, the developer. “They respect the owner’s privacy, but they connect others to the surrounding community and outdoor activities.”
In my visit, I was paired with an outfitter who guided me through the charming town of Truckee, a journey out to see Lake Tahoe, and even a rainy day walk.
Other (still under construction) amenities include a serene yoga studio, cabins for overnight gatherings, an owner’s lounge and a playground.
PHOTO COURTESY MOUNTAINSIDE AT NORTHSTAR

PHOTO COURTESY MOUNTAINSIDE AT NORTHSTAR

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